Problem is not with “No Job Vacancies”: Revealing A Shocking Truth

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Hello Folks, with number of open job vacancies, you no more have to crib for lack of job vacancy and blah blah…; but yes, there is something else, more serious, probably more disastrous. It’s the “Skill Gap”.

A recent study by CareerBuilder on growing skills gap, gives some shocking stats.

-More than 50% of employers fail to find qualified candidates for the vacancy

8 out of 10 employers find it difficult to fill the positions.

So that means, jobs are there and so is the opportunity to get hired; but you might skip that in case you lack the required skill.

Let’s first have a look at the cause behind the crisis:

To bridge the skill gap, three solutions were identified, i.e. on the job training, competitive compensation, & career preparation. However, to the shock, these are making the situation worse. Here are survey findings

Failures with on-the job training

It’s true that on the job training can make the employees learn necessary skills & tricks to match any on-the-job requirement, but what if this isn’t done properly. Here are some shocking results from the survey.

No serious investment in job skills: 60% believe necessary job skills — which half of employers think applicants lack — will be learned once on the job, though that’s usually not the reality.

What institutes think? 73% Colleges and universities say on-the-job training is a major ﬁx for the skills gap.

Misconception of academies: 73 % of academia believes companies oﬀering more training opportunities will get more job applicants.

Lack of critical Skills: 24% Employers are missing critical skills in their workplaces — but refuse to train employees.

Lack of promotion opportunities: 35 % of employers think posting more stringent requirements for entry-level jobs contributes to skills gaps at their own companies, yet only 33 percent say they oﬀer internal re-skilling or cross-training to help ﬁll these gaps.